LEASES

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

LEASES

LEASES 

The Company primarily has operating lease agreements for certain land, office space, warehouse space and equipment. The following table presents the Company’s ROU assets and lease liabilities:

		December 31,
(dollars in millions)	Balance sheet location	2023		2022
Asset Category
ROU assets	Other assets	$	90.3	$	85.1
Total		$	90.3	$	85.1
Liability Category
Current lease liabilities	Accrued expenses and other current liabilities	$	15.0	$	15.9
Non-current lease liabilities	Other liabilities	78.1		71.4
Total		$	93.1	$	87.3

Operating lease expense totaled $27.3 million, $26.2 million and $24.3 million for 2023, 2022 and 2021, respectively.

	Year Ended December 31,
(dollars in millions)	2023		2022		2021
Supplemental Information for Operating Leases
Operating cash payments for operating leases	$	21.5	$	19.8	$	20.8
ROU assets obtained in exchange for operating lease obligations	$	20.2	$	40.3	$	22.5
Weighted average remaining lease term	10 years		10 years		6 years
Weighted average discount rate	4.2%		3.5%		3.5%

Maturities of operating lease liabilities at December 31, 2023 were as follows:

(dollars in millions)
2024	$	18.8
2025	15.6
2026	12.6
2027	9.3
2028	7.8
Thereafter	50.8
Total future minimum lease payments	114.9
Less: imputed interest	(21.8)
Present value of lease liabilities	$	93.1